Lean Hog futures are down 77.5 cents to $1.40 at midday on Friday. The CME Lean Hog Index was up 89 cents from the previous day @ $55.99 on January 9. The USDA pork carcass cutout value was up $2.59 on Friday morning at an average weighted price of $73.05. The belly was up $10.90, with the picnic $6.62 higher. The national base cash hog carcass value was 40 cents lower in the AM report, with a weighted average of $50.68. This week’s FI hog slaughter through Thursday was estimated at 1.9 million head, which was 91,000 head larger than the same week last year.

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